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Why people with credit card debt are paying more for everything

Those with credit card debt may actually be spending more according to a new study by Creditcards.com. The average annual percentage rate for credit cards is at a record high of 17.8%, meaning people using credit cards are spending nearly 18% more on everything. Yahoo Finance's Zack Guzman, Emily McCormick, and Sibile Marcellus are joined by Charreah Jackson, media entrepreneur and author, to discuss.